Implied volatility in US Treasury yields has decreased significantly, with the MOVE index closing at 90.82, the lowest since February 2022. Options markets indicate extreme optimism, and the $VIX is at all-time lows compared to cross-asset volatility. Interest rate volatility is also diminishing, with the lowest close for MOVE since February 2022.
Interest rate volatility continues to fade. $MOVE lowest close February 2022. https://t.co/i6c5U3fVNn
The $VIX is near all-time lows relative to cross-asset volatility https://t.co/9kDnc4Y0w5
"Options markets are signaling extreme optimism, as evidenced by the volatility skew being near multi-year lows." @SoberLook https://t.co/H21wMBwNVC
Implied volatility in US Treasury yields has fallen near the lowest levels since early 2022. https://t.co/Bxei1lWlmT
MOVE closed at 90.82 on Friday the lowest since Feb 2022. At that time, implied rate vol was on an upwards trajectory and 4 weeks later the Fed would conduct the first hike in what would later accelerate into an aggressive cycle. https://t.co/ya91f1VBhH